Finally, T-Mobile is getting the iPhone 5

T-Mobile is getting the iPhone 5 – finally.

The company announced Tuesday that it will offer the iPhone 5 for a $99.99 down payment and $20 each month for 24 months. T-Mobile is the last major carrier to sell the iPhone.

T-Mobile will also sell the iPhone 4 for a down payment of $14.99 and $15 each month for 24 months.

“This is an important day for people who love their iPhones but can’t stand the pain other carriers put them through to own one,” said John Legere, president and CEO of T-Mobile USA. “We feel their pain. I’ve felt the pain. So we’re rewriting the rules of wireless to provide a radically simple, affordable iPhone 5 experience – on an extremely powerful network.”

Customers can preorder the iPhone 5 through the pre-registration page here.